You are all aware that the NIFTY index is made up of 50 constituent stocks. But you would be surprised to know that the top 10 stocks in NIFTY 50 have a combined weightage of approximately 57%!That means the remaining 40 stocks only have a weightage of 1% of less on average.
Following is the list of NIFTY movers and shakers – the top 10 stocks by weightage.
As a trader, I like to particularly track these stocks to determine NIFTY movement. One stock which is missing from the top 10 is SBI. SBI stock’s weightage is 1.96%, much lower than what one would expect for India’s largest lender and the largest PSU bank. But nonetheless, traders are well advised to track SBI as well, as it is an important mover and shaker for the NIFTY 50 index.
The NIFTY constituent weightage changes on a daily basis based on the market capitalisation and market movement. But the top 10 stocks remain the same, more or less. You can get the daily updated weightage at NSE website .
May the odds be ever in your favour!